Bill Text: TX HB994 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to an exemption from ad valorem taxation by a taxing unit other than a school district of a portion of the appraised value of a residence homestead based on the average appraised value of all qualified residence homesteads located in the same county.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-01 - Referred to Ways & Means [HB994 Detail]
Download: Texas-2021-HB994-Introduced.html
| 87R2684 SMT-D | ||
| By: Shine | H.B. No. 994 | |
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| relating to an exemption from ad valorem taxation by a taxing unit | ||
| other than a school district of a portion of the appraised value of | ||
| a residence homestead based on the average appraised value of all | ||
| qualified residence homesteads located in the same county. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 11.13, Tax Code, is amended by adding | ||
| Subsection (v) to read as follows: | ||
| (v) In addition to any other exemptions provided by this | ||
| section, an individual is entitled to an exemption from taxation by | ||
| a taxing unit other than a school district of a portion of the | ||
| appraised value of the individual's residence homestead in an | ||
| amount equal to 5 percent, or a greater percentage not to exceed 25 | ||
| percent specified by the governing body of the taxing unit before | ||
| July 1 in the manner provided by law for official action by the | ||
| body, of the average appraised value in the current tax year of all | ||
| residence homesteads that are located in the same county as the | ||
| individual's homestead and that qualify for an exemption under this | ||
| section. The chief appraiser shall determine the average appraised | ||
| value of those residence homesteads according to the appraisal | ||
| records as of August 1, including all corrections and changes made | ||
| as a result of actions taken under Section 25.25 and Chapters 41 and | ||
| 42 as of that date. | ||
| SECTION 2. Section 25.19(b), Tax Code, as effective January | ||
| 1, 2022, is amended to read as follows: | ||
| (b) The chief appraiser shall separate real from personal | ||
| property and include in the notice for each: | ||
| (1) a list of the taxing units in which the property is | ||
| taxable; | ||
| (2) the appraised value of the property in the | ||
| preceding year; | ||
| (3) the taxable value of the property in the preceding | ||
| year for each taxing unit taxing the property; | ||
| (4) the appraised value of the property for the | ||
| current year, the kind and amount of each exemption and partial | ||
| exemption, if any, approved for the property for the current year | ||
| and for the preceding year, including an estimate for each taxing | ||
| unit other than a school district of the amount of the exemption | ||
| under Section 11.13(v), if applicable, approved for the property | ||
| for the current year, and, if an exemption or partial exemption that | ||
| was approved for the preceding year was canceled or reduced for the | ||
| current year, the amount of the exemption or partial exemption | ||
| canceled or reduced; | ||
| (5) in italic typeface, the following statement: "The | ||
| Texas Legislature does not set the amount of your local taxes. Your | ||
| property tax burden is decided by your locally elected officials, | ||
| and all inquiries concerning your taxes should be directed to those | ||
| officials."; | ||
| (6) a detailed explanation of the time and procedure | ||
| for protesting the value; | ||
| (7) the date and place the appraisal review board will | ||
| begin hearing protests; and | ||
| (8) a brief explanation that the governing body of | ||
| each taxing unit decides whether [ |
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| increase and that the appraisal district only determines the value | ||
| of the property. | ||
| SECTION 3. This Act applies only to ad valorem taxes imposed | ||
| for a tax year beginning on or after the effective date of this Act. | ||
| SECTION 4. This Act takes effect January 1, 2022, but only | ||
| if the constitutional amendment proposed by the 87th Legislature, | ||
| Regular Session, 2021, authorizing the legislature to provide for | ||
| an exemption from ad valorem taxation by a political subdivision | ||
| other than a school district of a portion of the assessed value of a | ||
| residence homestead based on the average assessed value of all | ||
| qualified residence homesteads that are located in the same county | ||
| as the homestead is approved by the voters. If that amendment is | ||
| not approved by the voters, this Act has no effect. | ||
